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200 Years Of Dollar Debasement
Everyone has seen the 100-year US Dollar destruction chart; so here is the 200-year... a century without The Fed and a century with... which would you prefer?
Via Ralph Dillon of Global Financial Data,
Newton’s 3rd law states: To every action there is always an equal and opposite reaction. Sounds pretty simple right?
Except in Government, where for every action, the reaction seems to produce catastrophic consequences for such action. Yet inexplicably, the answer these days to everything seems to be more Government intervention and meddling. You would think that at this point we would have learned from our prior mistakes. Yet the meddling goes on and on and on….because it works so well.
Have you ever considered the true cost of all of this intervention? Think about it. Since the creation of the Federal Reserve in 1913, we have been in perpetual warfare, we introduced the New Deal which birthed Government programs, we eliminated the gold standard, we flooded the market with massive credit expansion, we accumulated massive amounts of debt and have now seen the Government take over 20% of our economy through healthcare. As if all of the prior interventions were not enough, in just the last 5 years, we have had shovel ready, bank bailouts, trillion dollar stimulus, QE 1,2,3,4, operation twist, unemployment benefits extended, car bailouts and crony capitalism that threw good money after bad. What we have gotten is more of the same. More debt, more political posturing and the complete destruction of the dollar and the purchasing power of it. With it, no one is accountable. Not the Government, not the banks, not the private companies but the citizens whose burden it has become to fund all of this intervention.
With the backdrop of other Governement ventures like the USPS and Social Security Administration, what can possibly go wrong with our latest intervention Obamacare? Whether you are for or against it, you have to recognize that this is and will be the mother of all Government interventions. With a horrific rollout, low enthusiasm and a general public that is either unaware or just ignorant to what is truly coming down the pipe, we can only hope that this time it will be different. But consider, that for every word that defines Obamacare, there are 30 more words that enforce it. With 109 new regulations and counting, you have to wonder if this monstrosity of intervention will finally be the straw that breaks the proverbial camel’s back. It surely has the making for it because we have never seen anything like it.
Cost since 1913? Well, the dollar has lost nearly 90% of its value and the purchasing power of that dollar has been eroded considerably.
Below is a chart that demonstrates the destructive quality of Government intervention to 1819:
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That is mostly all true, yet still completely beside the point.
If the cost of living were NOT constantly rising relative to our (flat) wages and incomes, then WHY would we even be widely bothering to consider and discuss such various tactics to lower our food bills in the first place?
Seriously, you don't know what you're talking about, and you have a strong normalcy bias. If I have to eat 1 lbs of beans to get the necessary protien that .25 lbs of meat would give me, that's not an even trade. You're actually arguing that being forced to change my eating habits because costs are going up it is all good because I can substitute other foods. You are completely wrong. If I had to substitute cat food for beans because prices are rising, it does not mean that there is no inflation because I can survive on fucking Meow Mix. Think about that for a fucking second. Holy fuckshit!
You are using two polar examples. Beans are actually more healthy for you to eat, cat food is less healthy (I hope). So excluding taste preference you are getting more value out of that 1lb of beans than the .25 lb of meat. But since when does taste have to do with inflation??? Inflation is based on utility only.
That would be like saying wine prices have inflated by 10000000000% because the bottle you like sold for $20 last year and now costs $2000000000020 (or however much that would be) even though equivalent wines are still available for $20.
<---- bunzbunzbunz is dumber than a box of shit
<---- bunzbunzbunz is a bankster shill
Look at societies that get their proteins primarily from their sources you cite. They often suffer from malnutrition especially in the lower income strata. I used to work at a lab that ran amino acid analysis and antioxidant panels on people all over the world. Vegetarians invariably had the worst amino acid profiles ( actually had the best antioxidant profiles). Just because the amino acid content is balanced in a lab analysis doesn't mean people will absorb these nutrients. Animal protein is absolutely essential in many people. That doesn't mean consuming pounds of meat. A small amount of high quality meat is loaded with nutrition and can make a big difference in health.
Miffed;-)
I absolutely agree with you. My problem is with people that expect 10 lbs of meat to be a reasonable portion of a weekly grocery budget. If you want more meat you pay more for meat.
Well, it's nice to agree on something. I would never buy 10 lbs of meat in a week. I couldn't afford it because I will not buy diseased conventional crap. I normally buy 2-5lbs per week. Either no antibiotic / no hormone or organic beef. I raised my own chickens. This comes out to be $40-60 a week in beef and or / pork. This is more than double what I paid 5 years ago.
Miffed;-)
@bunzbunzbunz
Your logic as so fecked!
Are you saying when the bills for the house you live in are too much .................you move to a smaller house.................but there is no inflation?
Is that you Bernaky/fellen................you must work for the FED!
I can see you living in a tent eating grass claiming
Inflation is not as much as peeps think it is.
Holy carp I have never read so much crap from one poster on here and I have been reading for 3-4 years.
Is it any supprise this world is so fecked with peeps like you around
There are no vegetables on the planet that can match the nutritional quality of meats.
You would have to eat 5 times as many beans to even break even with the essential amino's on daily intake.Basically you are talking out of your ass, as the beans you would eat take a far greater amount of economic activity to create than the beef I can get for the same price.
do you think that big badass gladiators in ancient rome had meat served like kings?
they ate tons of beans
El Vaquero, have you noticed the steep increases in the price of ALL legumes recently? Split peas, beans of all kinds, even lentils are up (in my area anyway) at least 25% in just the last couple of years.
Yes, but are you buying a grocery store giftcard for 5-20% off or getting credit cards rewards at 2-20% ??
You are so full of shit, and so incapable of arguing in an honest and relevant manner, that you are simply not worth responding to anymore.
Sorry for saying things that disagree with your belief system. That makes me dishonest and irrelevant. You are right.
https://www.youtube.com/watch?v=cYKvweBG-hY
Best singing I have ever heard.
For once, I actually believe you.
Bunz - Thank you for the comedy this evening. It was as humorous as Alan Greenspan's discussion of substituting hamburg for steak and the CPI in the late 90's. Now we're talking substituting lentils for hamburg. What's next, auggestions of eating bugs because they are immune to inflation?
Just remember the trend is your friend! And if I want to live like a Cambodian I'll just move there. Pawns are so symmetrically boring. I hope your not breeding....
No problem buddy. I'm here to help. It's funny you thinking I'm stupid, yet I'm sitting here in bewilderment at the ignorance. There is a lack of understanding of what inflation is. And no understanding of financial mathematics. It's like when I would try explaining burning a CD to a 40 year old in 2001. Deer in the headlights. And then the arguments are like a religious argument - "No, you're wrong because I already believe this, so what you say has to be wrong."
Astounding. But keep feeling proud of yourself. I'm sure all the bitchers will go far in life. Yes, we will all eat bugs one day. Go watch some TED Talks and learn something.
I have given and written some TED talks on Economics already hero.I teach the stuff, and so far you are the only one here that is displaying your lack of education and purely idiotic method of thinking.
Mathemetic Economics, lulz, Economics is a Social Science dipshit. That means it's a soft science and not compatible with accurate mathematical modeling.
peoples are already speaking of feeding on insects.
so....
I'm pretty sure I said 'financial mathematics'. You know, like the simple formulas that show principal, future value, etc.. And the understanding of dollar cost averaging.
The issue I have with you is that your arguments are how to cope with inflation by devreasing the quality of life. I was invited to help build BRIC's new monetary system. I declined. I was invited to build advanced tech for the ECB. I declined but not fully, I did come consulting. I have no qualms speaking with bankers or politicians and advised President Bush in 2008. He needed a benchmark for oil speculation and I advised him to tell Bernanke to dry up liquidity at the discount window for a month. That happened for a week, percent of speculation was 17% per barrel. My objective was met, oul plunged nine dollars in ten days givin relief to the American people. I made a few bucks on the short as well. Lets see, what else. Oh ya I was one of three people on the planet that called for the depression to hit in Q4 2008 back in Q3 of 2007. I require no real defensible position and vanity is generally not my thing. But your misdirection and treating people here like they are uneducated required a response even if only to insult you for mental masturbation.
Are you seriously advocating getting a credit card for the rewards? Fucking hell, you are dumb. 20%+ in interest, fucked up fees, fraudsters running the companies and bad fucking records. Fuck credit cards. And you want to know how I know they keep bad records? I was fucking sued by a major bank that had shitty records that didn't want to turn them over to prove their case when I asked. Too fucking bad for them that I had in my possession some of their bad records. They don't give a fuck about you, and given an opportunity, they will fuck you hard, and they'll use lube mixed with sand when they do it. I've been through the ringer with banks, and I've seen the dark underbelly of that bullshit.
I have never paid a fee on a credit card. I have paid interest a total of 2 months (1.5% per month) out of the 7 years I have been stacking credit cards. So yes, I am advocating using them to your benefit. Obviously if you spend more than you can pay that month, you are screwing yourself over.
Obviously the bank had fucked up records because I won my fucking case. You are so full of shit. I'll give you a hint sweet tits, they ain't giving people credit cards for free.
Yeah, they give credit cards because they charge the store 2%+ on every transaction, they charge people who don't pay their bill off every month interest and fees. All of this gets priced into goods, so if you don't get the kickbacks, you are paying for everyone else's credit card use. So from my perspective I get paid to use credit cards. From your perspective it may be very different. That's not my fault. And it doesn't change the possible savings for other people.
So, what you're saying is that I have to pay more because you have to use some bullshit rewards plan, else I have to deal with companies that I know for a fact are fucking dirty as hell and have already done serious damage to this country. It is your fucking fault because you support that system by using it.
You could blame me. You could blame the stores that charge you the same price to use cash as they charge me to use a credit card. You could blame the baby boomer generation that adopted credit cards like nobody's business. There is always someone to blame for your problems. Don't limit yourself to me!
No, no, you know that it's raising prices for me, and you should damn well know well know that bankers are dirty leaches. It is your fucking fault. You know that you are dealing with unethical fucks, but you don't give a fuck so long as you get yours.
I could also blame the banks. Nice omission.
Wow. You are so noble. I guess you never speed in a car. You always make complete stops. You don't take tax deductions. You work every second at your job. You don't smoke, drink, overeat, or anything that raises the average healthcare costs for everyone. You are the singular person who doesn't do anything that causes price increases or endanger people. Congrats.
What the fuck does that have to do with the price of poontang in Hong Kong? Are you seriously trying to claim that just because other people do it, you should too? Seriously? Two wrongs make a right? Holy fuck, if you represent the average fuckstick in this country, there will certainly be another civil war.
No. I am saying that my use of something that raises prices is not unethical. That is idiotic. Everytime you buy a product you contribute to demand. That raises prices. That is the EXACT SAME ARGUMENT. You have every opportunity to use a credit card that I do. It is your CHOICE not to.
My list of sarcasm was mostly to make the point that the majority of drivers speed in this country, causing MANY deaths every year. They think nothing of it, yet break an actual law every day and people routinely run stop signs and red lights, laws in place to protect people. Two thirds of people are obese, even knowing it drives up health care costs. People make insurance claims on 4 year old roofs with normal wear - driving up insurance premiums.
Yet, you think you can condemn me for saving money with a credit card? That indicates seriously flawed morals. And it makes you a sick, thoughtless person.
Fuck, you're dumb. I hope you're pretty, because you don't have much else going for you. Yes, if you are driving prices up by using a credit card, and I'm paying the extra because you want to use a credit card, knowing that you are doing so at my expense, I'm going to condemn the fuck out of you. You are enriching unethical cocksucking fuckface coke-snorting banksters who fleece anything that moves and have control over the money supply when you deal with banks, you drive prices up for me, so fuck you and choke on a fucking porno cock.
PS: I don't believe for one second that was sarcasm.
Damn that wasn't Shakespeare but to the fucking point. There is no amount of pretty that can offset this El Vaq. It's their day now but when the time comes when meat in pretty plastic packages and bulk supplies shipped in from miles away are no longer in the grocery store, what will they do? They will be Pomeranians walking around the Kalahari desert looking for the feed dish. You and I will survive. Hell you can handle a M1 ( Garand?) and bring home meat for your family. I cannot handle our 30/40 Krag and hope my man will be there for me if needed. What's a fucking credit card with a discount for shopping truly going to do in that scenario?
Miffed;-)
You can handle the 30/40. I've watched women half my size handle the same firearms that FBI agents freak out over. If you are right handed (right eye dominant, sometimes this overrules left/right handedness) for long range shots offhand, keep your left arm against your rib cage for support, learn to keep both eyes open (left or right handed/eyed,) keep your right arm parallel to the ground while you are gripping the rifle, and pull the butt tight into your shoulder. If recoil is the issue with a 30/40, you aren't pulling it tight enough into your shoulder. If you are talking about short range, watch the SWAT assholes. They may be assholes, but they know up close and personal stuff. If you shoot left handed, substitute right with left, and left with right.
And yes, it is a Garand.
I am left eye dominant and right handed. Yes I shot the Krag several times effectively as you said. And you are damn right about holding it against the shoulder. Mr Miffed tried to show me but he didn't realize I was being too timorous and I bruised my right shoulder. 2 military guys took over my training at the range and taught me properly. Mr Miffed shoots it well. I need to practise a lot more because my accuracy sucks. Probably left eye dominance doesn't help. I'm far better with my XD-40. Firing that sucker is sure a rush though! Gets me too overstimulated and I'm bouncing off the walls afterwards. ;-)
Miffed;-)
Mmm hypocrisy. If you have ever bought anything in a store you have knowingly increased demand and therefore price. You have also likely benefitted from the banking system you pretend to despise since most stores are built with loans. You show no logic. And of course you will collect the social security that i pay for while condemning my capitalist economic decisions. You are human garbage. Keep feeling proud of yourself. You realize you are on a website that uses marketing right? Marketing raises the price of goods for everyone. I guess thats on the sin list now. Moron.
Listen here and listen good now, bitch. I am moving towards not buying as much as I can not buy. You cannot avoid the banking system, but I try to minimize my exposure to it. I had a fucked up year last year because we went from record high temperatures to literal hurricane force winds that fucked up a good portion of what I planted after an early thaw followed by a late frost, but next year I should have enough produce to avoid buying most fruits and vegetables from the grocery stores. I hunt and fish. Next spring comes the building of the chicken coup and next fall comes the greenhouse, mostly with materials that I already have. I am detaching myself from this fucked up and corrupt system. You're actively participating in it. I participate it to the extent necessary, and no more. Do you know how to nixtmalize corn and why you should do so? Do you know how to field dress an animal? Do you know how to make soap from wood ash and lipids? I do.
I am very happy for you talents. I have my own and should not be condemned for them. If everyone were to hunt for all their food, ecosystems would be destroyed causing those who depended on it to starve. You do not have a moral high ground. Your lifestyle is no more respectable than anyone else who does not hurt people or steal. Every economic action effects others. You are not innocent no matter how far you remove yourself from banks.
I also understand animal husbandry I will hunt, fish, raise animals, grow crops, etc... to survive. You still support banker fraud with your actions. Now, here is a big hearty FUCK YOU, you dumb pigfucking cunt.
P.S. For the second fucking time, two wrongs don't make a right. Yet you seem to think that they do.
P.P.S: I'm not perfect, but you revel in your imperfections.
P.P.P.S: You may think you're the troll here, but you're being trolled.
usually people who have this many skills dont pass all their time typing on a keyboard.
just saying.
I
can't
breathe!
I haven't paid attention to beans that much, simply because they are so cheap, and this year I planted a couple of local varieties just so that I could have seed for next year and just grow my own.
P.S. - I eat as much meat as I please too, I was just saying a healthy diet does not rely on high priced goods. It actually seems that many of the most healthy items are the cheapest to buy or cook. Until you start going to an organic store like a moron.
If you are eating conventional meat you are a moron. 70% of antibiotic use is used in CAFOs which are essentially animal Auschwitz. Our main source of drug resistant super bugs. The only safer meat today is certified organic, hunting or raise your own. The best I could do was $2.50/ lb for meat chickens I raised myself. If you spend $30/week in groceries, one tsp of meat must be all you eat.
Miffed;-)
That you bring up 0.99/lb meat makes me wonder who you truly are. You obviously have never raised an animal for slaughter. The closest I got to that figure was raising turkeys. The .99 figure was in feed costs alone. They were slaughtered by a friend for free on his property so no mark up for USDA inspections/ regulation. Plus we didn't hire any labor. There is no way a commercial grower could do this at this cost even with the advantage of bulk feed rates. My egg chickens food costs makes their eggs at 3.50 per dozen and they are pasture supplemented. My husband has gluten sensitivity so we by no processed food, only staples. We never shop at conventional grocery stores so we don't pay premium prices but because we buy quality not processed crap we do pay. These numbers you cite are not possible.
Miffed;-)
Yeah...I'm looking at an ad with turkey breast for .99 a pound. They are possible because I don't buy overpriced organic foods. Large companies can buy feed much cheaper than you can.
Why don't you take a trip to the turkey farm and watch your bird be raised and slaughered. You are consuming garbage. Yeah it's cheap. Cheap is the only thing you understand. My advise is to cook the shit out of it ( literally) I cook my turkey to 135 degrees ( after resting it gets to 140) you can carve it with a butter knife. We pulled off 30 lbs of meat off our 40 lb Tom which we still are eating since thanksgiving. I Double Dog Dare you to cook your bird at that temp. You will keep me employed.
Miffed;-)
Hell, I had to pay for the general hunting tag and stamps (~$30-$40,, the actual elk tag itself , ~$60, was exchanged for labor) half of the fuel ($70,) ammo (cheap, I reload and already had the components,) makeshift game bags (~$15,) blades for my Havlaon (a couple of bucks, but I helped skin and quarter 4 elk over a 2 day period,) miscellaneous shit ($50) and if I take it to a butcher for processing, it'll be $0.60/lb for processing. We didn't weigh mine, but the smallest one was 250lbs after being gutted and skinned, so meat plus bone, and I whacked the biggest one out of the group, though my shot probably destroyed 10-20lbs of meat. If I want to process it myself, I need an $80 motor for my meat grinder and butcher paper. If I want hamburger for making patties, I need some fat so that the the patties stay together, and that's going to be either beef or pork fat. On a lb for lb basis, it's cheap, but again, I whacked the biggest elk, so I may need many pounds. The fat would be somewhere around $0.70-$0.80/lb from a place that I trust. I paid nothing to raise this animal. I just paid for the general hunting license and the shit that I needed to kill it.
Ah, the old substitution of goods bit. If people start eating more hamburger because steak has gotten too expensive, they'll throw hamburger into the spot that steak was and call it an even trade. Your normalcy bias is disturbing.
I think you confuse my skepticism for a normalcy bias. Honestly, I have been seeing deflation more than inflation lately. With the amount of discounts through coupons, sales, credit card offers, discounted gift cards and whatever I'm forgetting, you can buy nearly everything 40% less than the price they normally show you. The discounts are growing year after year if you look for them. If you don't, youre getting fucked. So I can understand why many people may think inflation is growing.
Shit - if you want to talk about equal goods for price comparison, talk about cars. A car today of equivalent size, features, safety, etc. costs half what it did in 1990 (based on a $40,000 sedan in 1990). And it gets better milage today... A hatchback in 1990 - what $8000-10000? Now they cost 14000, but have more features, more safety, more power. Soooooo....you can pick examples for nearly any point you want to prove.
Yeah, I have been simply inundated with offers of coupons and discounts on my electric, gas and water bills, not to mention on gasoline, taxes and insurance of all kinds. And the number of, and discounts on, the weekly food specials at my local grocery stores have been dropping for at least the last five years. But oh yes, prices of consumerist trendsucker gadgets are flat, so let's just all live on flat-screen TVs and iPads, right?
The BEST that I can offer in your defense is that food prices are not rising quite as fast as they were back in 2005 and 2006. But despite trying to act more and more miserly in the grocery store, the cost of my average basket of goods continues to relentlessly rise. Your $10 per person per week grocery claim is 100% bullshit.
You are such a fucking liar. Why do you even bother?
Really? You're going to tell me it is IMPOSSIBLE to eat off of $10 per week? Are you that fucking fat and lazy? You must be an EBT user! Just buy what other people buy! Buy brand names! Buy meat! Buy candy! I already made the fucking list of what you can get for $30. You made no attempt to argue that list BECAUSE IT IS CORRECT.
Also, I have been getting a minimum of 5% off everthing I buy except my house payment and insurance by using credit cards. If you want cheaper insurance, you need to start belittling the assholes that make an insurance claim on their house or car every year or two. Anyway, I end up getting 10-20% off almost everything I buy BEFORE I calculate the savings of only buying things on sale. I don't pay full price for internet or cell phones. You can call them and ask for a lower price. The other day I bought Lowe's gift cards for 20% off while getting 20% back in credit card rewards, and then used a 10% off coupon at the store. And things like this are available all the time.
Logical argument is not really your strong point, is it?
The fact that one can get discounts on certain purchases, in certain circumstances, has NOTHING to do with the pertinent fact under discussion here, namely, that prices overall, and the general cost of living, are constantly rising. Fuck, why are you so determined to deny that fact?
As for your supposed "20% off using credit cards", blow it out your ass --- you are just making up bullshit as you go along now, aren't you?
I am convinced that you are a paid troll. NOBODY is innocently and egregiously that stupid and obtuse.
Nah, I just like to argue. I didn't say prices on average are not going up. I was arguing it is not as much as some people would like you to think. People that sell gold would love for you to believe everything is wrong. The government would love you to believe everything is okay. The truth usually lies somewhere in the middle of two extremes.
Edit: you forgot to prove to me it is impossible to eat for $10 a week or that steady, long-term investing in the stock market has failed to yield good results over any 30 year period.
http://www.shadowstats.com/alternate_data/inflation-charts
If you think that one can live on $1.43 worth of food a day without growing and/or raising most of it yourself (which still has its own costs), much less indefinitely, then you are SO full of shit that again, it is simply not worth responding to you. Yeah, one can eat plain rice at that price, and JUST survive, for a while, but so fucking what?
And as for your LIES about long-term stocks, I have ALREADY proven to you that your pro-mainstream "stocks for the long haul are ALWAYS a good deal" is at best cherry-picking, if not pure bullshit, in my post above (and I never even went into taxes on the nominal gains from holding stocks), yet here you come right back to it again, repeating the LIE as if it had not already been addressed.
Again, I have to say it: Nobody is this stupid. You are a paid government troll, and therefore deserve to burn in Hell.
But.....you didn't prove it. You cherry picked the worst stock market period you could find. I then explained how the average investor would STILL get good returns during that period. You simply refuse to attempt to understand principles that disagree with your current thoughts. I see you have let economics turn into part of your religion.
All you have done is compound one lie with another, and refused to see the evidence that I have put right in your face. While I did somewhat selectively pick the two 30 year intervals I gave you earlier, I just grabbed them from a cursory examination of a chart of the Dow, and could probably have found one or more such intervals even less lucrative for the average stock investor. But it is YOUR highly cherry-picked and specious claim of typical 8-10% long-term returns that is simply wrong, and not borne out by an objective analysis of the facts.
Whatever. You are missing the math. Make an excel spreadsheet sometime. Put in the daily returns of various funds over thee time periods and then calculate your ending principal based on monthly contributions. It's not that hard - and if you open your mind a little bit you might learn something. Or you can just pull from social security and make me pay for it. Thanks.
Fuck Yeah Akak! 'bout time for you to find some fire and brimstone fucking Religion. Die Troll Die.
Towards thee I roll, thou all-destroying but unconquering Troll to the last I grapple with thee; from hell's heart I stab at thee; for hate's sake, I spit my last breath at thee. Sink all coffins and hearses to one common pool! and since neither can be mine, let me then tow to pieces, while still chasing thee, though tied to thee, thou damned Troll!Thus, I give up the spear!
Miffed;-)
Call me Ishmael, the troll slayer.
And no. I don't make shit up. I just got a card that will give me $200 back after I spend $500 (that would be 40%). So I will spend $500 and cancel it. It's called fighting back. I take their money, and I don't let them get it back from me. Compaining does nothing. Refusing to get ripped off is the only way to stop it.
Where there is a sucker there is someone to take advantage of a sucker. It wouldnt make a difference if every bank vanished. e.g. snake oil, herblife, avon, as seen on tv, etc...
You listed nothing.
I have a family of 8 and shop bulk, mainly at Sam's Club. You are full of shit, and a shill. Move along, asshole.
$10 buys plenty of fresh or frozen (depending on season) vegetables for a week. Yes, 10 lbs is enough, but if you need more, there are usually cheaper options. Peppers, cabbage, canned tomatoes, etc...
$10 buys enough fruit to keep you healthy. But I'll admit, no where near the recommended amount.
$5 can buy lots of beans, lentils and a couple pounds of pork or beef roast. I almost always see beef and pork for 0.99 per pound. You shouldn't be eating so much meat anyway.
I am not saying this is reasonable for everyone. I am saying it is possible. For example at Sam's you can spend $50 on enough beans and rice to feed 8 for weeks. Yes, you would get tired of this and yes you would need to take vitamins.
Sam's does not have the best prices. In many cases they are more expensive than wal-mart. And WAY more expensive than shopping sales at grocery stores (at least in my area).
And then I listed some prices that were directly contradictory to some of the prices that you listed. $0.99 for hamburger means that you are probably eating rat or some shit these days.
I am talking about buying chuck or rump on sale. I don't buy full priced steaks unless I'm feeling fancy.
Shit...turkey breast is on sale for 99 cents a lb this week at my store.
No, no, chuck roast is just about the same price as hamburger. I know this because I have a big-ass bbq pit and chuckies are good when bbqued. But now you've shifted to poultry being ON SALE for $0.99/lb when poultry is often $0.99/lb-$1.49/lb. And turkey right after Thanksgiving nonetheless! Holy laughable bullshit Batman! (And don't forget, much of your chicken will be processed in China, the land of not so clean, from now on.)
Fuuuuuuuuuuuuuuuuuuuuuuuuuuuuu
I'm sorry if you don't believe me, but I have pork roast in my freeze that was .99 a lb and the last time i bought beef roast it was 1.29 a lb. Also, Turkey is still protein.
Chuck roast is beef you moron. Pork is, even by the prices that I listed, cheaper. Especially if you ware willing to eat Wal-Mart meat. Which is complete shit, BTW. Here is what I said about pork:
So, under $1.49/lb would include $0.99, which is not unheard of, but it is also not very common.
If you bought a beef roast @1.29/lb, it was either complete shit, or you purchased it several years ago.
I like that you assume the prices where you live are the same as where I live. It's cute.
I like that you assume that non-local foods don't have their prices dictated in large part by the commodities markets. It's retarded. Most of your food is shipped well over 1,000 miles from where it was produced, and that counts for me as well, even though ther are a fuckton of cows in my state. I'll say it again, if you paid $1.29 for beef, it is either complete shit, or you pruchased it a long time ago.
Oh, and BTW, on those BBQ forums, there are people from all over the country. Prices are fairly consistent.
I guess you have been joining Orly in her time-traveling grocery shopping sprees back in 1985.
Now that hamburger is the price of what a good cut of steak used to be, what is the substitution now? Tripe? Entrails? I guess we should start developing a taste for haggis.
Miffed;-)
I liked it better when the .gov trolls were furloughed with pay.
Money well spent.
You sound like a freshman business major at a for-profit college.
Phoenix University, perhaps?
Probably
I'm going to guess you're a junior!
ROFL. Holy shit you're a terrible troll. We've had much better around here.
You're comparing the value of the dollar to the performance of stocks??? HA!
Is being that stupid actually painful?
It should be.
Thanks for saying nothing. You do good work.
Put it together, you write articles here, be a smartie
So did Leo.
And that so called earned stream was taxable. To keep the buying power of your 1913 dollars you would have had to invest it in something that went up about 10,000% so you could pay the taxes and still have something that was worth 3000% of what you started with.
"Dollars generate an earning stream. "
No they don't. If you put dollars in a drawer and come back 5 yrs later, they haven't generated any earnings.
Investments generate earnings, not dollars.
Your "earnings" argument is a distraction. The purpose of currency isn't "earnings".
It's a store of value and medium of exchange.
While I'm at it I'll call out another myth. Fractional reserve lending isn't the problem.
Moving away from physical currency and coin is the problem. Allowing a bank to "create" more currency with an accounting entry (credit to a deposit account) is the problem. It takes us out of the real world into a fantasy world where accounting entries, numbers on a ledger sheet, are viewed as currency.
If a bank was limited to lending only the physical currency and coin in their vault, our "money supply" wouldn't be growing like it is, and the dollar wouldn't be losing value like it is.
Multi-billion dollar Fed "security purchases" wouldn't be possible, because they don't have that much physical currency and coin in their vault.
Granted, they could print a pallet of billion-dollar FRNs, set that pallet in their vault, and have trillions of dollars to spend on "security purchases".
But it would expose the Zimbabwe nature of our currency and destroy confidence in it, what the Fed wants to avoid.
A deposit account is a liability account. "liability" means claim on an asset. Some asset on the asset side of the balance sheet.
What are deposit accounts at banks claims against? Some real asset on the asset side of the balance sheet? Like cash and coin in the vault?
Nope, usually not. Usually they're claims against meaningless bullshit on the asset side of the balance sheet, like loan notes (and near-worthless securities in Fed's case).
These are simple basic monetary concepts most people have forgotten, or never learned.
This is the problem I have with Bitcoin and other "crypto-currencies". It's in that fantasy world of credits to a deposit account (bitcoin wallet) viewed as real currency, the very same thing as credits to a bank deposit account viewed as real currency.
It's the identical same concept. Only difference is bitcoin "wallet" instead of bank deposit account. That's it, the only real difference.
An even better post would be a series of such graphs, showing what the Dollar has done in terms of BUYING POWER, expressed as Man-Hours for various Items and Commodities. Given that wages change also.
OIW... "How many hrs do I have to work to... pay rent, buy food, etc, etc".
What I would really like to see is a graph of the relative hours that it takes for a man to sucesfully "court" a women in order for the vag lips to be parted?
What possibly could go wrong with "Obamacare"? Nothing. By next summer the ACA will be in a quagmire and Congress will be looking for a way out. When The politicians defund the ACA, The windfall of all the money's stripped from Medicare, corporate and private businesses will be considered as unallocated funds for redistribution. As they say "Party on"
Giggity on your ACA quagmire.
It's too bad Charles Bronson is dead, He could re-purpose the "Death Wish" meme.
"By next summer the ACA will be in a quagmire and Congress will be looking for a way out."
By next summer ACA will have (a) crashed the economy, or (b) bankrupted insurance companies because nobody will have ACA insurance and pay those premiums.
I think b is more likely. When people have to choose between paying the rent or paying for Obamacare coverage, they'll choose rent.
Looks like Nixon fucked things up. More than Woodrow Wilson did.
Not to worry, he said it was temporary!
watched the video of him saying that not long ago.... laughable. So many think watergate was the worst thing he did ... ridiculous compared to the rest of his dirty deeds done dirt cheap.
Don't overlook Taft:
1909 - President Taft recommended Congress propose a constitutional amendment that would give the government the power to tax incomes without apportioning the burden among the states in line with population. Congress also levied a 1 percent tax on net corporate incomes of more than $5,000.
1913 - As the threat of war loomed, Wyoming became the 36th and last state needed to ratify the 16th Amendment. The amendment stated, "Congress shall have the power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration." Later, Congress adopted a 1 percent tax on net personal income of more than $3,000 with a surtax of 6 percent on incomes of more than $500,000. It also repealed the 1909 corporate income tax. The first Form 1040 was introduced.
What is an opposite reaction to species extermination and degradation and fouling of the environment and what about warmongering and abuse of resources including human?
We're gonna need a bigger chart!
They should change "The Day That Will Live In Infamy" from December 7th, 1941 to December 23rd, 1913.
"They should change "The Day That Will Live In Infamy" from December 7th, 1941 to December 23rd, 1913."
Very true.
The centennial is in 1 1/2 weeks from now- what do "they" have planned?
I would think that "they" are amazed that their Ponzi scheme has lasted this 100 years. Historically, the debt-based-fiat-counterfeiting money system usually hasn't survived half as long. I think it's because the U.S. was on the launching pad for growth in 1913 and then their dollar was gifted the status of world-currency after WWII. This (I think), is unprecedented in history, so what happens when today's baseless dollar's pyramid finally collapses is anybody's guess. You can bet it won't be pretty. Plan accordingly.
soooo, i guess gold mattered somewhat?
Hypothetically, yes/no. It depends how the disinformation program is interpreted. You have to begin understanding the truths and half bits of bullshit. For example..
Global Financial Warfare Simulation
How do you interpret this one:
Treasury's War: The Unleashing of a New Era of Financial WarfareThis chart makes it plainly obvious that the Swiss are the problem with their blatent currency manipulation and they should be droned immediately.
Thanks, fuckers, for turning Bedford Falls into Pottersville.
Biff's World instead of Marty's.
Robot checkout: "I'm sorry Mr. Jones, Dollars are no longer used in this economy."
Mr. Jones: "What do I use then?"
Robot checkout: "Chits. Chits are units of exchange given to you for your labor. Chits are automatically stored in your debit account instead of money."
Mr. Jones: "How do I know what a Chit is worth or will buy?"
Robot checkout: "Chit value is determined by the Federal Reserve. Rest assured, you will have enough Chits to buy what you need."
Mr. Jones: "What if I don't?"
Robot checkout: "Work more."
"Chits are units of exchange given to you for your labor."
Since Federal Reserve Notes are not "dollars" (provide a US code reference if you think they are) aren't Fed Notes "chits" already?
At 71 I am still working more.
Yeah but that was when they backed their Chit! Now it's barely worth a fraction of the Chit it use to be. We need to start Chit backing again.
So that's why my money's not worth chit.
Watergate was a smokescreen to distract us from the real shit happening.
Dude, everything is a smokescreen distracting us from the real shit happening
exactly
I went to bed early last evening. Found myself up at 11:30 all rested up after a three hour cat nap. Wanted to share the things I watched until early AM today.
Betting on the (Stock) Market
Floored: Into The Pit - Epic Trader Movie
Lastly: Grandpa talking as a young lad…
Warren Buffett (1962) talks about a brief stock market drop
ZH fight club is about sharing information that others don’t understand or come to grips to piece together. Hope this helps you see what many have warned.
Fugazi-Waiting room
Now please ZH, PLEASE read the small print. This chart represents the USD vs the SWISS FRANC. Before WW2 Switzerland was nothing but a hilly stretch of land inhabited by pesants. Before that Swiss banks and the Swiss Franc were about as stable as Zimbabwe. Only after the passage of the Banking Secrecy Law did their fortunes change. Suddenly Swiss banks didn't actually have to work for their money, all they had to do is being open for business. Fast forward to now and three things have changed fundamentaly:
1. The Swiss banking secrecy is being abolished
2. The Swiss sold off a huge chunk of their gold reserves at the bottom of the market
3. The Swiss National bank is buying every and any Government Bond in Europe, especially France, at any price with freshly printed Swiss Francs.
This chart is completely misleaing as what will ultimately happen is that both the USD and the CHF will meet again when measured against something with intrinsic value, namely at 0.
See above post. Simulation link. Again, no proof.. just theory!
Yeah but were the Ricola dudes playing those funky horns (alpine horn) in the swiss mountains back then? That's what important
i say about "eyes wide shut", it is the most beautiful
disgusting and ugly film i have ever seen. go figure
but that is the way i see it.
the final cut may not be kubrick's, it might have been
altered after his death ....has been suspected?
.
Thursday December 12 1:00pm
.The Ethical Doctor | Interpersonal Update
http://archive.wbai.org/#ankor3
.
always pitching for donations but
some interesting programming in between.
above an overview of the lbj/cia/etc done it
for the money and power and cover up of
criminal past, present and future intent to steal,
systemic, the goodies. minute 6.
so much other programming there. costly in
time to find though ...
.
http://archive.wbai.org/files/mp3/wbai_131212_160006letters.mp3
.
allan watts ....for example. minute 8
.
pardon this most insightful link ....
.
“Conventional economics is a form of brain damage.” David Suzuki
Posted on December 11, 2013 by maxkeiser
http://www.maxkeiser.com/2013/12/conventional-economics-is-a-form-of-bra...
.
anyway ....
there is always much more and i feel the pain of
the information revolution in my head and heart. too
.
but please notice the suzuki, david insights concerning
cultural brain damage !
anyway...
.
He recounted the whole ugly picture - from the millions he had funnelled into Johnson's secret slush fund, to the illegal cotton allotment scheme, to the murder of Henry Marshall. Estes testified that Lyndon Johnson, Cliff Carter, Malcolm Wallace and himself met several times to discuss the issue of the "loose cannon" - Henry Marshall. Marshall had refused a LBJ-arranged promotion to Washington headquarters, and it was feared that he was about to talk. Johnson, according to Estes finally said, "Get rid of him," and Malcolm "Mac" Wallace was given the assignment. According to testimony, Wallace followed Marshall to a remote area of his farm and beat him nearly unconscious. Then while trying to asphyxiate him with exhaust from Marshall's pickup truck, Wallace thought he heard someone approaching the scene, and hastily grabbed a rifle which customarily rested in the window rack of the truck. Quickly pumping five shots into Marshall's body, Wallace fled the scene. Suicide.
That 1984 grand jury testimony accomplished only one official action. Marshall's death certificate was finally changed to read: "Cause of death - murder by gunshot." All of the guilty participants were dead - Johnson, Carter and Wallace. The only one left was Estes, and the U. S. Justice Department, getting wind of the Robertson grand jury testimony, wanted to talk to him.
A letter was sent to Estes, requesting a meeting with him to discuss the provocative charges he had made. Estes enlisted the legal services of Douglas Caddy to represent him in the matter. Caddy then wrote a letter to the Justice Department asking for the protection of immunity, among other things for his client. In his letter, Caddy outlined far more than the Justice Dept. had bargained for. In addition to the crimes Estes had testified to for the Robertson County grand jury, Estes listed seven more murders directly linked to Lyndon Johnson, one of them being that of President John F. Kennedy; and all of them at the hand of Malcolm Wallace.
http://home.earthlink.net/~sixthfloor/estes.htm
.
http://www.ufoconspiracy.com/reports/kennedy-vm.htm
.
and on .....
the problem is one of physics? as communicated by the
guest interviewed here. it is about energy and waste and life
and ecology as fraudulently transcribed into other terms
by the false priests of modernity.....maybe?
.
Thursday December 12 12:00pm
http://archive.wbai.org/#ankor3
minute 35 but the entire show of interviews
are interesting ? .......
global climate change, co2, methane, jet stream
of consciousness and 20,000 frozen dead cattle overnight
in montana.
anyway .....jump in or out as you may or may not.
peace and love !
and it occurred to me that the reason the "usa"
is the shinning light on the hill , regardless of all the shit,
is that there will always be people in the world who will
come to the country, not knowing the language or much
of anything else, who are willing to fuck each other and
make a baby. eyes wide shut? it is complicated and beautiful
and very ugly is all i can figure? it has become a land overrun
by laws that are ignored and laughed at and perhaps
rightly so? eddy bernays twin headed on the body
of p.t. barnum in the hall of mirrors, spitting out little
soldiers to operate the droids and drones.
then the snow began to fall on the holiday
time of year and the t.v. would not stop growing.
this is what stanley taught me.
.
Eyes Wide Shut - Film Complet FR (EN Sub)
http://www.youtube.com/watch?v=RqsPZlcXw8s
"The first big victory of the big bankers recorded in December 1913, when under Woodrow Wilson administration, the control of dollar finally passed to the big private banks through the Federal Reserve Act. For the record, the final signature by the president Wilson came just two days before the Christmas holiday of 1913, if this means something. Thus, the US central bank continued to be "Federal" only by name, since the complete control of the quantity and flow of money, finally passed into the hands of the big bankers."
"...in 1971, Nixon ended the direct convertibility of the US dollar to gold, opening the door for the total dominance of neoliberalism and the big banks."
http://failedevolution.blogspot.gr/2013/10/new-deal-vs-obamacare-one-rea...
Honestly, don’t get caught up with the media social conditioning. At the end of day, we will begin tracking the public servants who represent the USA. Using the latest NSA technology, we can track target government workers and co-traveler conspirators. Just relax. Watch how it works in laymen terms.
http://www.youtube.com/watch?v=-rTr6PfEVwg
Wilson is getting buttfuked by Satan every night for what he did. And Nixon gets it every other night.
Time to channel Andrew Jackson and stab at thee from beyond the grave...
I can only remember when gas was 15 cents a gallon, and my dick got hard!
And you got five packs of cigarettes and a few pennies change for a dollar.
and the lead in the gas smelled fantastic...
Let them try that with Bitcoin. They say bitcoin is not currency because the money changers can't conterfeit it. Whatever. Bitcoin is now boosting GDP. The UN is a terrorist organization made up of psychopaths.
The U.N. is the pet plaything of the new world order, a creation of the old feudalists cloaking themselves in some new brand name, in my opinion.
No surrender.
For honesty sake, I must say that I think you are charmingly naive. Perhaps a good academic. We need more good academics; strong and true.
I read the headline, and intro. Don't need to read the rest.
Man up. The world is a contest of ideas. Don't blame the 'winner' or 'loser'. Decide what will happen next, and make it happen.
everyone should buy STAWKS to beat inflation lol
or not.
Do you think Janet Yellen will be as good an adminstrative assistant to Stanley Fischer as she was to the Bernank?
well just one loo at her or it or whatever that is tells you she didn't get her job through sexual favors or maybe she did and the top retards at the Fed are really kinky or totally blind, but most likely totally depraved. maybe Yellen supplies them with little boys.
The Bank of Israel chief comes to the USA. So now dual passport holders rule the USA money? With his allegiance to foreign places?
Wrong. Wrong. Wrong.
Next, former Shin Beth Chief to run NSA ?
So my grandma's $20,000 house purchased in 1917, now worth $180,000 hasn't really appreciated...whaaaaaaa?
why did grandma pay so much in 1917, it must be something. Average homes could be had for $1500 from what I have read back in the 1920's
Average homes were made out of wood, and not particle board and plastic.
The value of the HOUSE didn't go down. The value of the DOLLAR went down.
In 1917 it took $20,000 to buy the house, in 2013 the SAME house was worth $180,000, get it? Same house, different dollars?
Except if you sell it you will have to pay capital gains tax on $160,000 of profit that DOES NOT EXIST.
Excuse me but that chart is PROOF that these bastards have committed TREASON against the people of this country. The penalty for treason is FUCKING DEATH!!!!! HANG THESE FUCKERS!!!!!
+1 for exclaimation points and promoting murder!!!
:-(
Just divide the price of everything and your income by 30 to 40 and the numbers match up pretty well with the early part of the 20th century. So the federal reserve spent all that time making sure all those prices looked stable so no one would notice the disintegration of the actual value of earned income relative to price of things.
A currency needs to be a store of value, but all that USD stores is residual cocaine dust.
Does this chart not simply show what happened when Nixon went off the gold standard and fixed exchange rates? Or am I stupid?
Well Red Erick says.............
Once you get people to worship a piece of cloth [AKA-Flag], they're real easy prey....
It is hard not to avoid the obvious, the Federal Reserve is complete scam. I think I will buy some more silver today, just like I did yesterday and step lightly around the fiat fecal matter.
I've been trying to find an airline ticket to Pittsburgh that I can pay for with bitcoin. No luck so far. I don't want to pay a $15 wire transfer fee.